Summary of Private Sector Development in the Caribbean
The Economist Intelligence Unit © 2015. Commissioned by Compete Caribbean. In partnership with the Inter-American Development Bank, Canada’s Department of Foreign Affairs, Trade Development (DFATD), and the United Kingdom’s Department for International Development
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While visitors may find the Caribbean inviting, businesses know the region’s economic environment is anything but. Expensive and erratic power supplies, a dependence on tourism, governments as outsized employers, a dearth of private sector investment, and inefficient labor markets make for inauspicious growth conditions. This wide-ranging overview from the Economist Intelligence Unit offers a good primer on the area’s economic problems and prospects. getAbstract recommends it to executives looking at the region’s potential, as well as to tourists, who rarely get to glimpse beyond the swaying palm trees and crystalline waters of the Caribbean.
In this summary, you will learn
- What economic problems Caribbean countries face and
- How collaborative efforts between the private sector and government can address the region’s challenges.
About the Author
The Economist Intelligence Unit is an independent research and analysis organization.